GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1999

SESSION LAW 2000-36
SENATE BILL 1293

AN ACT TO MODIFY THE TAX LIMIT FOR THE TOWN OF BADIN.

The General Assembly of North Carolina enacts:

Section 1.  Section 5.3 of the Charter of the Town of Badin, being Chapter 894, Session Laws of 1989, as rewritten by Section 1 of Chapter 827, Session Laws of 1991, reads as rewritten:
"Sec. 5.3.  
		 
The ad valorem tax rate set by the Town Council shall not exceed the previous year's rate by more than ten percent (10%)."
Section 2.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 30th day of June, 2000.

s/	Marc Basnight
President Pro Tempore of the Senate

s/	James B. Black
Speaker of the House of Representatives